Assessing energy security in Europe, US and China as Iran crisis drags on - Reuters
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The Bottom Line
Iran crisis is straining energy security assessments across Europe, United States, and China.
How This Affects You
Prolonged Iran conflict threatens global oil supplies, potentially raising U.S. gas prices and energy costs as policymakers assess supply disruptions and market ripple effects.
AI Summary
The Iran crisis is straining energy security assessments across Europe, the United States, and China as the situation persists without resolution. Each region faces distinct vulnerabilities: Europe relies on diversified energy sources but remains exposed to Middle Eastern disruptions, the U.S. is concerned with global oil price stability and supply chains, and China depends heavily on Iranian oil imports. The prolonged crisis is forcing policymakers to weigh strategic reserves, alternative suppliers, and potential economic consequences of any escalation. Energy markets are sensitive to geopolitical risk in the region, where Iran controls critical shipping routes and is a significant oil producer. Officials are reassessing contingency plans for potential supply disruptions that could ripple across global energy markets.
What's Being Done
Officials across Europe, the U.S., and China are reassessing contingency plans for potential energy supply disruptions.
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European Gas Jumps 35% After World’s Top LNG Plant Hit by Iran - Bloomberg.com
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GlobalChina makes energy security 'reunification' offer to Taiwan amid Middle East war - Reuters
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GlobalSteven Everts: For Europeans, war on Iran 'a diversion' and 'giant gift to Putin'
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PoliticsFrom the archives: Richard Nixon addresses the 1973 energy crisis
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
GlobalEU leaders balk at joining Middle East fight, grapple with high energy prices - AP News
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First Thing: Trump says US does not need Nato after strait of Hormuz rebuf | Clea Skopeliti
<p>Snub comes as Iran vows revenge for killing of Ali Larijani. Plus, judge orders reinstatement of Voice of America staff</p><p>Good morning.</p><p>Donald Trump has said the US does not need Nato after a number of the organization’s members <a href="https://www.theguardian.com/world/2026/mar/17/trump-us-president-nato-strait-of-hormuz-iran-middle-east">rejected his call to send their warships</a> to reopen the strait of Hormuz.</p><p><strong>How many people have been displaced in Iran?</strong> Up to 3.2 million people, according to the UN’s refugee agency. Here, Tehran residents <a href="https://www.theguardian.com/world/2026/mar/18/iranians-daily-life-under-air-attack">speak about their daily life</a> under bombardment.</p><p><strong>For the latest updates,</strong> <a href="https://www.theguardian.com/world/live/2026/mar/18/iran-war-live-updates-oil-prices-hormuz-trump-larijani-key-leader-killed-israel-strikes">follow our liveblog.</a></p> <a href="https://www.theguardian.com/us...
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